Be Careful What You Talk About

The events over the weekend at IndyMac Bancorp reminded me of the scene from Disney's 1964 movie "Mary Poppins," when young Michael Banks accidentally causes a bank run when customers overhear him shouting, "Give me my money!" after Mr. Dawes senior grabs his tuppence.

The southern California bank was taken over by the Office of Thrift Supervision late Friday and reopened for business Monday as IndyMac Federal Bank. The bank was closed because the OTS thought it was "unlikely to be able to meet continued depositors' demands in the normal course of business and is therefore in an unsafe and unsound condition."